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Technology Stocks : Stock Swap

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To: Big Brother who wrote (13700)5/7/1998 8:06:00 PM
From: V.  Read Replies (1) of 17305
 
**CPQ**

Big Bro,

FWIW, shorter term, the next level of resistance is 34 7/8 to 35 1/8, so you have a couple of points upside here on your calls should it continue to have the momentum necessary to hold right here which is a minor level of resistance in and of itself. Should it make the ~35 level, that's your exit point but longer term, its secondary resistance is 36-37ish. It will likely come back a bit prior to taking out that secondary level, however. We need to simply watch the volumes and factor in the market over the next couple of sessions.

Remember that as of next week, you'll be playing without the time premium in your favor. Don't get greedy since they're the June's. :)

Very happy for you on the car, the job, the vacation... the chicks!! <gggg>

Best to all of you, as always...

xoxo,
V.
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